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Analysts positive on restructuring CapitaLand

Jeffrey Tan
Jeffrey Tan3/23/2021 2:39 PM GMT+08  • 3 min read
Analysts positive on restructuring CapitaLand
RHB describes the proposed restructuring as a “highly value-unlocking” move.
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Analysts have no qualms on CapitaLand’s proposed restructuring that will see the company’s property development business taken private, but its fund management and lodging businesses remain listed.

RHB Securities has reiterated its “buy” recommendation for the stock with a higher target price of $4.25 from $3.75 previously.

CGS-CIMB Research, too, has kept its “add” rating for the stock with a higher target price of $4.04 from $3.42 previously.

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